Price trend

According to the commodity analysis system of SunSirs, the price of caustic soda has decreased this week. The average market price at the beginning of the week was 878 RMB/ton, and the average market price over the weekend was 825 RMB/ton, a decrease of 6.04% in price and a year-on-year increase of 3.64%.

On April 10th, the SunSirs’ Chemical Index was 814 points, a decrease of 2 points from the previous day, a decrease of 41.86% from the highest point of 1,400 points during the cycle (2021-10-23), and an increase of 36.12% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1, 2011 to present)

Analysis review

According to the commodity analysis system of SunSirs, the price of caustic soda has been declining this week. The price of caustic soda in Shandong region was around 795-870 RMB/ton in the mainstream market of 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region was stable, with a mainstream market price of 910-1,020 RMB/ton in 32% ion-exchange membrane alkali. The price of caustic soda in Inner Mongolia region was temporarily stable, with a mainstream market price of 2,900-3,000 RMB/ton (converted to 100%) in 32% ion-exchange membrane alkali. The overall price of caustic soda has fallen, and the main caustic soda inventory has accumulated. With the main regional liquid caustic soda procurement prices being lowered again. The main regional liquid alkali market has experienced a decline, and non aluminum enterprises  was mainly on demand, and the market demand was average.

Market outlook

Analysts from SunSirs believe that in recent times, the price of caustic soda has been declining, leading to significant inventory pressure on enterprises. There was no obvious destocking of enterprises, and the flow of liquid alkali in the Shandong market was poor. The main alumina enterprises were experiencing inventory pressure, and downstream demand was average. Supply and demand gamex. Overall, it is expected that caustic soda will maintain a weak operating trend in the later stage, depending on downstream market demand.

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